Answer:
after tax gain at disposal: $ 7,187.78
Explanation:
book value at the end of second year:
<u>cost less depreciation of the previous years</u>
19,800 x ( 1 - .3333 - .4444) = 19,800 (0,2223) = 4.401,54
Now, we calculate the gain considering the difference in book value and sales price:
13,500 - 4,401.54 = 9,098.46 gain at disposal
Last, we calculate the value after-tax
9,098.46 x ( 1 - 0.21) = 7,187.7834
<span>Reject the null hypothesis since your F statistic is beyond the cutoff, and perform a post-hoc test to determine between which groups the significant difference occurs.</span>
Answer:
Dr Interest receivable 21,780
Cr Interest revenue 21,780
Explanation:
Preparation of the appropriate interest Journal entry on December 31, 2021
Based on the information given we were told that the company paid the amount of $280,000 for the machine in which the company will be leasing the machine to Zone for the amount of $38,000 per year while 9% of the amount will be return to Calloway which means that the interest entry on December 31, 2021 will be recorded as:
Dr Interest receivable 21,780
Cr Interest revenue 21,780
Calculated as :
Cost of machine $280,000
Less lease amount per year $38,000
=$242,000
Hence,
$242,000*9%
=$21,780
Would you mind giving us the status(of the delivery,that is)of glossy paper,which we ordered
Answer:
$43 million
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.
Peridot's Net cash outflows from investing activities (in millions)
= -$38 + $96 + $71 - $86
= $43
The gain from the disposal of land will be deducted from the net income under the cash flows from operating activities while the requisition of own shares is a financing activity.